Massachusetts legislators are considering a 2.5 percent tax on private colleges’ endowments that exceed $1 billion. "It's mind boggling that one entity not paying taxes has $34 billion. How do you justify that?" asks Representative Paul Kujawski, referring to Harvard's endowment. Critics of the idea say it illegally infringes on colleges’ tax-exempt status.
Toyota Motor Corp. posted a steeper drop in quarterly profit than analysts estimated and said that earnings this year will drop 27 percent due to a stronger yen and declining sales in the United States.
The United States and Europe now have a “united desire” to see the dollar strengthen against the euro, The Financial Times reports: “Senior eurozone officials believe that the dollar-euro rate had reached levels unhelpful to both the US and Europe.”
Celebrity magazines tend to focus on the young and the beautiful, but never the politicians … until this year. The 2008 election is “hot,” reports The New York Times, and so People and other celebrity magazines are dedicating many pages to it.
Rush Limbaugh may have tilted the vote in Indiana, The Washington Post reports. As he did before several other recent primaries, the radio talk show host encouraged listeners to vote for Clinton to "bloody up Obama politically" and extend the Democratic fight.
Facebook reached an agreement with 49 states over child-safety protection. Facebook will implement technology to verify a user’s age and send out warning when a minor is giving information to an adult. Texas was the lone state that didn’t agree to the plan.
Several Philadelphia police officers were removed from duty following review of a video showing three suspects being kicked, punched and beaten by the officers after they were pulled out of a car during a traffic stop.
Beirut was engulfed in violence following Hezbollah chief Hassan Nasrallah’s statement that the Lebanese government had declared war on the organization. He called a proposed government crackdown on Hezbollah "a declaration of war and the launching of war by the government … against the resistance and its weapons for the benefit of America and Israel.”
An estimated 40,000 Zimbabwean farm workers have been displaced since the general election in March, fleeing in fear of Robert Mugabe's violent mobs. The farm workers, who overwhelmingly oppose Mugabe and his Zanu-PF party, will be unable to vote in the upcoming run-off election if they don't return to their registered districts.
“Scientists around the world are scrambling to unlock the secrets behind a new group of materials that act as autobahns for electricity—conducting current with virtually no wasteful resistance,” reports The Christian Science Monitor. The materials “hold the promise of making everything from computers to electric motors far more efficient.”
Former New England Patriots employee Matt Walsh has given the NFL video of the Patriots recording opponents’ play-calling signals. He did not include any video of the St. Louis Rams’ pre-Super Bowl walk-through, which he was rumored to have had.
Roger Clemens’ admission Monday that he had an extramarital affair may have repurcussions in the federal investigation into whether Clemens committed perjury in denying to Congress that he had used performance-enhancing drugs.